South-Eastern Asia: Ceramic Tile Market 2024

Ceramic Tile Market Size in South-Eastern Asia

In 2022, the Southeast Asian ceramic tile market increased by 4.2% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Ceramic Tile Production in South-Eastern Asia

In value terms, ceramic tile production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Ceramic Tile Exports

Exports in South-Eastern Asia

After two years of growth, overseas shipments of ceramic tiles decreased by -9.5% to X square meters in 2022. In general, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, ceramic tile exports rose remarkably to $X in 2022. Overall, exports showed a perceptible downturn. The pace of growth was the most pronounced in 2020 when exports increased by 11% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X square meters) and Vietnam (X square meters) represented roughly 78% of total exports in 2022. Malaysia (X square meters) held the next position in the ranking, followed by Indonesia (X square meters). All these countries together held near 21% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +2.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest ceramic tile supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising 82% of total exports.

Among the main exporting countries, Thailand, with a CAGR of +0.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per square meter, picking up by 21% against the previous year. Over the period under review, the export price, however, saw a slight slump. The level of export peaked at $X per square meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per square meter), while Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.2%), while the other leaders experienced mixed trends in the export price figures.

Ceramic Tile Imports

Imports in South-Eastern Asia

Ceramic tile imports reached X square meters in 2022, increasing by 10% compared with the previous year. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. The volume of import peaked at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ceramic tile imports skyrocketed to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, the Philippines (X square meters) and Thailand (X square meters) represented the major importers of ceramic tiles in South-Eastern Asia, together mixing up 43% of total imports. It was distantly followed by Malaysia (X square meters), Cambodia (X square meters), Myanmar (X square meters) and Indonesia (X square meters), together making up a 45% share of total imports. The following importers - Singapore (X square meters) and Lao People's Democratic Republic (X square meters) - each recorded a 6.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +14.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constitutes the largest market for imported ceramic tiles in South-Eastern Asia, comprising 34% of total imports. The second position in the ranking was held by Thailand ($X), with a 14% share of total imports. It was followed by Indonesia, with a 12% share.

In the Philippines, ceramic tile imports expanded at an average annual rate of +17.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+1.1% per year) and Indonesia (-0.4% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per square meter in 2022, increasing by 8.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 10%. The level of import peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per square meter), while Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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